IPO Alert: Rashi Peripherals

IPO Alert: Rashi Peripherals

Feb 7, 2024 - 21:50
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IPO Alert: Rashi Peripherals

IPO Alert: Rashi Peripherals

Rashi Peripherals IPO subscribed 1.09 times on day 1, with retail and non-institutional investors driving the issue.

Current GMP: 80+

Rashi Peripherals IPO price band is set at ₹295 to ₹311 per share. The minimum lot size for an application is 48 Shares. The minimum amount of investment required by retail investors is ₹14,928. Rashi Peripherals IPO opens for subscription on February 7, 2024 and closes on February 9, 2024.

Allottment Finalization: The allotment for the Rashi Peripherals IPO is expected to be finalized on Monday, February 12, 2024. 

About the Company:

Incorporated in 1989, Rashi Peripherals Limited is a company that specialize in products related to ICT or Information and Communication Technology. The company has two business verticals:

  1. Personal computing, enterprise and cloud solutions (PES)
  2. Lifestyle and IT essentials (LIT) such as graphics cards, central processing units (CPUs) and motherboards; (ii) storage and memory devices; (iii) lifestyle peripherals and accessories such as keyboards, mice, webcams, monitors, wearables, casting devices, fitness trackers and gaming accessories; (iv) power devices such as UPS and inverters; and (v) networking and mobility devices.

The company's clientele includes big names like

  • ASUS Global Pte. Ltd.
  • Dell International Services India Private Limited
  • HP India Sales Private Limited
  • Lenovo India Private Limited
  • Logitech Asia Pacific Limited
  • NVIDIA Corporation
  • Intel Americas, Inc.
  • Western Digital (UK) Limited
  • Schneider Electric IT Business India Private Limited
  • Eaton Power Quality Private Limited
  • ECS Industrial Computer Co. Ltd.
  • Belkin Asia Pacific Limited
  • TPV Technology India Pvt Ltd.
  • LG Electronics India Private Limited
  • Toshiba Electronic Components
  • Taiwan Corporation

*All the provided opinions are personal. Stock Market information is provided for education purpose only. Investment in securities is subjected to market risk. read scheme related documents carefully

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